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Pacnet's Fitch ratings may be upgraded if Telstra deal closes

PIVOTAL DEAL: Completion of Telstra's acqusition of Pacnet could indicate that credit support would be available should Pacnet require it.

PHOTO: BLOOMBERG

Singapore

FITCH Ratings has placed Pacnet Limited on "rating watch positive" (RWP) following the Tuesday announcement that Australia's Telstra has agreed to acquire Pacnet. This means the possibility of an upgrade of Pacnet ratings.